Explained: What are Digital Banking Units (DBUs) launched by PM Modi on October 16 across India?
The DBUs are being set up with the objective to ensure the benefits of digital banking reach every nook and corner of the country and will cover all the States and Union territories. 11 Public Sector Banks, 12 Private Sector Banks and one Small Finance Bank are participating in the endeavour.
Oct 16, 2022, 14:40 PM IST
PM Modi dedicates 75 Digital Banking Units (DBUs) across 75 districts in India
PM Narendra Modi has launched today 75 Digital Banking Units (DBUs) in 75 districts across the country. DBUs will provide digital and paperless service to citizens hasslefree and conveniently and promote financial inclusion.
Oct 16, 2022, 11:51 AM IST
10 million customers sign up for consumer beta of Paytm Payments Bank
The bank is focused on driving financial inclusion by bringing half a billion Indians into the mainstream economy.
Sep 13, 2017, 20:41 PM IST
Aadhaar law likely to pass test of constitutionality: FM Jaitley
Jaitley's comments at a conclave on financial inclusion organised by United Nations here come amid a legal challenge mounted in the Supreme Court against making the biometric identification number, Aadhaar, mandatory for government schemes, including its linking to income tax PAN.
Sep 13, 2017, 16:58 PM IST
Jan Dhan: Zero-balance accounts reduced to 20%; 30 crore families benefited in 3 years
About 42 percent of households were unbanked before the Jan Dhan Yojana, which aims to give every household access to banking facilities by offering them zero-balance accounts across all commercial banks.
Sep 13, 2017, 12:04 PM IST
Identify goals to be achieved by 2022: PM Modi to top bureaucrats
PM Modi on Monday informally met all secretaries of ministries of the government.
Jun 05, 2017, 22:42 PM IST
80% Jan Dhan Yojana accounts have cash balance: Arun Jaitley
Union Finance Minister Arun Jaitley has said that 80 percent of the 240 million new accounts opened under the Pradhan Mantri Jan-Dhan Yojana are now functional with cash balances.
Oct 08, 2016, 18:01 PM IST
RBI issues operational guidelines for Payment, Small Finance Banks
The RBI released on Thursday its operating guidelines for Payment Banks and Small Finance Banks, noting the prudential regulatory framework for the entities under the two categories will largely be drawn from the Basel standards.
Oct 06, 2016, 19:33 PM IST
Mundra downplays money deposit issue on zero-balance accounts
Terming instances of banks depositing money to reduce the number of accounts with zero balances as not a criminal act, Reserve Bank Deputy Governor S S Mundra on Monday said such stray incidents should not distract from the larger cause of financial inclusion.
Sep 19, 2016, 14:07 PM IST
Financial inclusion necessary for sustainable growth: Raghuram Rajan
Pitching for financial inclusion, RBI Governor Raghuram Rajan on Monday said the central bank is trying to make it attractive for institutions to offer banking services to everyone, as it is a necessary building block for sustainable growth.
Jul 18, 2016, 14:55 PM IST
India Post payments bank will be functional by March 2017: Ravi Shankar Prasad
India Post's payments bank will start functioning from March 2017 and serve as a wider platform to implement financial inclusion programmes, IT & Communications Minister Ravi Shankar Prasad said Sunday.
May 22, 2016, 17:40 PM IST
PM Modi launches 'Stand Up India' to promote financial inclusion, says 'it aims to empower every Indian'
To boost entrepreneurship among the Scheduled Castes, Scheduled Tribes and women by facilitating loans in the range of Rs 10 lakh to Rs 1 crore, PM Narendra Modi on Tuesday launched the Stand Up India initiative.
Apr 05, 2016, 22:35 PM IST
PM Modi launches Stand up India to promote financial inclusion - In Pics
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi on Tuesday launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
Apr 05, 2016, 19:35 PM IST
Developing securitisation market key to drive financial inclusion
Global rating agency Moody's on Thursday said a developed securitisation market will help the country achieve its goal of financial inclusion by providing cheap credit to under-served segments of the society.
Jan 21, 2016, 17:05 PM IST
Our government is 'aap ki sarkar': PM Narendra Modi to Dalit entrepreneurs
Inaugurating a national conference of Scheduled Caste and Scheduled Tribe entrepreneurs, Prime Minister Narendra Modi said that financial inclusion is at the core of the government's focus and the Centre is working for the empowerment of people especially those belonging to backward classes.
Dec 29, 2015, 13:38 PM IST
We want to create job-creators, not job-seekers: PM Modi
Prime Minister Narendra Modi on Tuesday said that financial inclusion is at the core of government's focus.
Dec 29, 2015, 12:51 PM IST
RBI panel recommendations hint at reviving Islamic Banking?
The “Report of the Committee on Medium-term Path on Financial Inclusion” headed by Deepak Mohanty was placed on Monday.
Dec 29, 2015, 10:08 AM IST
Focus on mobile tech for last mile delivery: RBI panel to banks
In order to promote financial inclusion, a RBI panel on Monday asked banks to focus more on mobile technology for last mile service delivery, phasing out interest subsidy on farm loans and move towards universal insurance scheme for all crops.
Dec 28, 2015, 21:04 PM IST
Number of financial inclusion accounts touch 19.52 crore: RBI
Banks, mostly state-run ones, opened a whopping 19.52 crore accounts under the government's financial inclusion drive till the first week of December.
Dec 24, 2015, 19:06 PM IST
Jayant Sinha to meet state finance secretaries today on reforms agenda
The move is also a step towards co-operative federalism, under which the Centre will deliberate on issues hindering implementation of schemes.
Dec 08, 2015, 08:53 AM IST
